Discussion and possible action to approve, by Order, the following budget amendment(s) (line item transfers) within the Golf Course fund; and any other matters incident thereto. [Requested by Doug Harker, EVP, Touchstone Golf]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
7100-6080-001-441205-010
Utilities- Electricity
$28,000
$3,000
$23,006.01
$20,006.01
To:
7100-6120-001-441605-010
Gas Propane
$0
$3,000
$0
$3,000
Issue: Funding needed for propane to power kitchen cooking equipment.
Solution: Transfer out from select accounts in fund 6080 (Golf) to fund 6120 (Food & Beverage) to pay for propane. This was not budgeted by prior management and Touchstone was unaware of the gas supply arrangements.
Result: There will be sufficient funds in all budget line items to pay requested items.